People And Company News

 

Proserv, Intelligent Plant Ink Deal Aiming to Drive Digital Evolution

Dec 11, 2020

Proserv Controls signed a strategic alliance with software engineering firm Intelligent Plant, a deal aimed to deliver advanced control systems and data analysis to provide operators with digital solutions tailored to their needs and feedback. The announcement follows a broader industry trend toward leveraging true digitalization to help rationalize efficiencies in the offshore industry. Ultimately…

Gumbs to take the Helm of Bosch Rexroth North America

Aug 28, 2020

Paul Cooke, President and CEO of Bosch Rexroth North America, based in Charlotte, NC, USA, will retire on December 31, 2020 after 38 years of service in various international positions within Bosch Rexroth. His successor as of December 1, 2020 will be Greg Gumbs…

Silva Tapped to Lead Corpower Ocean Portuguese Ops

Aug 25, 2020

CorPower Ocean, designer of wave energy systems, appointed Miguel Silva as head of its Portuguese operation.The news comes shortly after CorPower revealed plans for a new $18.1m R&D, Manufacturing and Service Center in Viana do Castelo, Portugal…

BP Cuts Dividend for the First Time Since Deepwater Horizon Disaster

Aug 04, 2020

BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company…

Siem Offshore Gets Breathing Room

Apr 01, 2020

Norway-based offshore vessel owner Siem Offshore has received some breathing room after reaching an agreement with its banks.The company last week warned that the extreme fluctuations in the financial markets over the past weeks „have resulted…

Oilfield Services Giant to Cut Spending by 30%

Mar 24, 2020

Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.The company…

Repsol Employee Tests Positive for Coronavirus

Mar 13, 2020

Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…

Current News

Floating WInd Tech: TetraSpar Demonstrator Starts Operation Off Norway

Floating WInd Tech: TetraSpar Demonstrator Starts Operation Off Norway

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

Ørsted Reaches FID on Two German Offshore Wind Farm Projects

Ørsted Reaches FID on Two German Offshore Wind Farm Projects

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

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